UHNW Product Specialist (FX & FICC OTC Derivatives)

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

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At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
 

The Structuring, Origination and UHNW Solutions team (“the Team") is cross-asset structured products unit responsible for originating, structuring, positioning, and executing transactions for both retail and Ultra High Net Worth (“UHNW”) clients.  As part of their responsibilities, professionals on the Team develop research-driven strategic and tactical trading ideas; interact with Financial Advisors to provide advice on portfolio hedging and positioning based on client's objectives and risk tolerance; and engage in the structuring, origination, positioning and execution of OTC derivatives and fully funded transactions across all the asset classes.

Job Responsibilities:

• Execution across a wide range of foreign exchange needs including cash management, hedging and investment strategies
• Execute interest rate risk management solutions to address floating rate liabilities associated with commercial real estate or custom lending
• Drive strategic projects including improvements to platform, operations and servicing
• Preparing term sheets, marketing materials and presentations
• Liaise and interact with financial advisors, sales and support partners on a daily basis
• Proactively develop and maintain relationships with financial advisors and clients
• Acts as the senior product representative on a client team and is solely responsible for all product transactions with key clients.
• extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from marketing and documentation to closing. Develops aggressive marketing plans and strategies affecting an entire region or section.

Required Qualifications:

• At least 8 years of prior experience working in client coverage and/or product management capacity
• The ideal candidate will have strong FX, Rates and Commodities background as well as general cross-asset derivatives skills.
• The successful candidate will be a well-rounded individual who possesses strong quantitative, analytical and communication skills.
• Understanding of credit policies and collateral supporting derivatives
• Multi-tasking and ability to work under pressure.
• Strong marketing and presentation skills
• Ability to work as a team player in a dynamic, fast-paced and collaborative work environment.
• MS, MBA and/or CFA are desirable
• FINRA registered representative with Series 7 & 63 required at time of hire or within 120 days of hire

Skills:

• Analytical Thinking
• Customer and Client Focus
• Financial Management
• Presentation Skills
• Risk Management
• Business Development
• Client Management
• Client Solutions Advisory
• Market Analysis
• Negotiation
• Causation Analysis
• Financial Forecasting and Modeling
• Product Management
• Relationship Building
• Result Orientation

Shift:

Hours Per Week: